Blackstone Said to Weigh $5 Billion-Plus Sale of Beacon Offshore

Blackstone Inc. is in the early stages of weighing a sale of Beacon Offshore Energy, a Gulf of Mexico driller it’s owned for about a decade that could fetch more than $5 billion, according to people familiar with the matter.

The alternative asset manager is talking to investment banks about bringing the Houston-based company to market as soon as the first quarter, said the people, who asked to not be identified because the discussions are private.